How Much Does It Cost?

A frequent question at Off-Campus Living is, “What does it cost to rent an apartment near the University?” We have put together representative cost comparisons for a single person living alone and two roommates sharing a two-bedroom.

Average Apartment Cost for a Single Person

Prices vary widely based on amenities provided, condition of the facility, and neighborhood. Costs shown are representative of a single student in a studio or one-bedroom unit in a medium-quality apartment building. For a single-bedroom apartment at $700 per month, estimate:

  Start-up Expense Monthly Expense
Security deposit $700 (one month)  
Credit check $30 (per tenant)  
Monthly rent   $700
Utilities    
Gas (new account fee) $25+ $40 to $150
Electric   $40 to $100
Cable Television (Comcast)    
Installation $25  
Fee (standard service)   $48
Renter's insurance (strongly advised) $100 per year  

*these prices are purely estimates

 

Average Cost for Two Roommates
Sharing a Standard Two-Bedroom

Prices vary widely based on amenities provided, condition of the facility, and neighborhood. Costs shown are representative for two students sharing a two-bedroom unit in a medium-quality apartment building. Having a roommate will enable costs to be shared, but some expenses, such as utilities, may increase. For a two-bedroom apartment at $1,100 per month, estimate:

  Start-up Expense Monthly Expense
Security deposit $1,400 (one month)  
Credit check $60 ($30 per tenant)  
One month's rent $1,110 $1,400
Utilities    
Gas (new account fee) $25+ $55 to $150
Electric   $55 to $150
Cable Television (Comcast)    
Installation $25+  
Fee (standard basic service)   $48
Renter's insurance (strongly advised) $100 per year  

*these prices are purely estimates